2023 has arrived at full capacity and with it the accounts of each beginning of the year. See how to organize yourself
The year has passed, 2023 has started in full swing. But every beginning of the year he also brings that old headache: the avalanche of bills. There is the IPTU, the IPVA, the insurance, the credit card bill with the Christmas shopping, the school enrollments… How to organize all this?
If you’ve already done your financial planning for the start of the year, you’re certainly comfortable about the moment. If you haven’t, there’s still time: put it all into a spreadsheet or use a financial planning application, like To organize or furniture. It is very important that you know exactly how much you are spending in order to control your spending.
IPVA
The IPVA is calculated on the market value of the car, which represents on average between 3% and 4% of the price of the asset. The government of the State of São Paulo allows payment in up to five installments.
For the second year in a row, there is a longer period for São Paulo vehicle owners to collect IPVA and ease their bills earlier in the year. As for landlords who decide to advance the tax in January, the discount will be 3%, which is an attractive option, as it is higher than a savings income, for example.
New for 2023 is that, depending on the value of the IPVA, the system will automatically calculate the number of installments: in three, in four or in five equal and consecutive installments ― as long as the minimum amount per installment is 68 BRL, 52.
To verify the market value of the car for 2023, Sefaz-SP has set up a simplified query page, in which the owner will only have to communicate the vehicle’s license plate. Click here to consult.
DPIVA
Land vehicle personal injury insurance is another compulsory expense for car owners. It is worth noting that even if you have private insurance for your car, paying the DPVAT is mandatory.
This amount is paid in a single installment, without a discount, and is no longer linked to the IPVA, as it was a few years ago.
Authorization of your car
The license payment depends on the end of your car’s license plate. refer to engine page to know exactly the registration date of your vehicle.
Here it is worth mentioning that some Brazilian states offer the possibility of paying for the license together with the IPVA, even if the deadlines are different.
School enrollment
If you have children, you already know that the beginning of the year brings this heavy expense with enrollment and school supplies ― in addition to the monthly tuition, which is usually adjusted around this time.
Since there isn’t much to do in terms of tuition and tuition, you can try to save on school supplies. It costs nothing to reuse material from previous years or join group buying groups to save money.
And it’s always worth remembering: Hygiene and cleaning supplies can’t be on the school’s order list, according to Procon.
IPTU
At the beginning of the year, the Urban and Territorial Tax also arrives for those who own urban properties. Exact due dates and amounts vary by municipality, but keep in mind that many offer discounts for paying up to one installment.
Insurance
The annual renewal of most insurance also takes place at the beginning of the year. It could be auto insurance, life insurance, or electronic insurance like cell phones, so it’s important to pay attention to the expiration date.
Tickets, tickets and more tickets
They keep coming, don’t they? And if you’ve gotten carried away with Christmas shopping, be prepared that the bill can get pretty steep.
It’s important to have well-adjusted financial planning at this time, as even slips and outstanding loans come to weigh even more on the account at the beginning of the year.
Prioritize what’s most important
If you haven’t done any financial planning or ended up spending more than you could, you already know that the bill will fail. However, take it easy, this is a moment that needs to be managed calmly.
First of all, make a list of your priorities, what you can’t not pay in any way, including cash. So, see what can be paid in installments, after all, it is better to pay in installments than to stop paying.
If you’ve saved up some of your 13th salary for these accounts, your effort has been rewarded with one less headache. The more you can afford it, the fewer sleepless nights you will have for the rest of the year.
Escape from early year sales
The trade is now starting a selling season that is irresistible. If you’ve been putting off Christmas shopping so you can spend it now, now is the perfect time. However, if you’ve already done your shopping, you should avoid the tempting start-of-year sales.
Do you really need that new cell phone that’s on sale? And the discounts your favorite store is sending you, how can you resist? There is no magic formula: resist. Buy only what you really need.
Avoid installments
As we said above, pay by installments only in case of extreme necessity, after all, it is better to pay little by little than to stop paying. But paying the full amount is always the best option, in any situation.
IPVA and IPTU usually have full payment discounts, so it’s definitely the best choice if you can afford it.
As for your credit card bill, only pay the minimum if it’s an extreme situation. Revolving interest is the real villain that can complicate your financial life.
Time to renegotiate
It can get to the point that not even the installments resolve the situation of a certain bill to be paid. So it’s time to renegotiate. It’s a last resort to keep your debt from defaulting.
Keep in mind that companies don’t want a delinquent customer, so if you show a willingness to renegotiate so as not to delay payment, the company will have some propositions that can help.
The important thing to keep in mind is that financial planning is vital. If you’ve already made yours, you already knew what you couldn’t afford. If not, get started immediately. You can rest assured that in the future you will have to spend less on headache medications.
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Source: Terra
Camila Luna is a writer at Gossipify, where she covers the latest movies and television series. With a passion for all things entertainment, Camila brings her unique perspective to her writing and offers readers an inside look at the industry. Camila is a graduate from the University of California, Los Angeles (UCLA) with a degree in English and is also a avid movie watcher.
